AMD
Advanced Micro Devices, Inc.
AMD has the edge over FTV overall, supported by stronger fundamentals and stronger modeled upside.
FTV
Fortive Corporation
FTV has lower modeled downside risk, despite its lower overall score.
AMD Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
AMD's revenue, profitability, cash flow and balance sheet are all currently strong.
FTV Fundamentals
| Metric | Status |
|---|---|
| Under pressure | |
| Strong | |
| Strong | |
| Stable |
FTV's profitability and cash flow are currently strong, and its balance sheet is stable, but its revenue is under pressure.
AMD PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 39x | $585 | — |
| Cheap | 40x | $182 | -69% |
| Fair | 112x | $514 | -12% |
| Current | 127x | $585 | — |
| Expensive | 206x | $947 | +62% |
Historical ranges are pointers, not guarantees.
AMD's PE is in its fair range at 127x. If earnings grow as analysts expect, today's price would be 39x next year's earnings, in its cheap range.
FTV PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 18x | $38.69 | -43% |
| Forward | 21x | $67.85 | — |
| Fair | 32x | $66.41 | -2.1% |
| Current | 32x | $67.85 | — |
| Expensive | 36x | $76.57 | +13% |
Historical ranges are pointers, not guarantees.
FTV has the edge over AMD in the historical PE scenario, which offers more potential upside but is not a forecast.
AMD Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Low |
Analysts expect strong earnings and revenue growth for AMD, with profitability improving. However, they disagree widely on these estimates.
FTV Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FTV, with profitability improving.
AMD Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $15.05 | +227% |
| Q3 2026 | $4.60 | +127% |
| Q2 2026 | $3.89 | +122% |
| Q1 2026 | $3.05 | +123% |
| Q4 2025 | $2.65 | +165% |
| Q3 2025 | $2.03 | +81% |
| Q2 2025 | $1.75 | +111% |
| Q1 2025 | $1.37 | +99% |
| Q4 2024 | $1.00 | +89% |
AMD has the edge over FTV on earnings, with more consistent year-over-year improvement.
FTV Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.27 | +56% |
| Q3 2026 | $2.10 | +20% |
| Q2 2026 | $1.69 | -24% |
| Q1 2026 | $1.67 | -27% |
| Q4 2025 | $1.73 | -27% |
| Q3 2025 | $1.75 | -30% |
| Q2 2025 | $2.22 | -10% |
| Q1 2025 | $2.28 | -9.5% |
| Q4 2024 | $2.36 | -2.9% |
FTV's earnings per share have fallen from their peak: $2.10 over the past year, against $4.73 in mid-2021.
AMD Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $13.4B | +45% |
| Q2 2026 | $11.5B | +50% |
| Q1 2026 | $10.3B | +38% |
| Q4 2025 | $10.3B | +34% |
| Q3 2025 | $9.2B | +36% |
| Q2 2025 | $7.7B | +32% |
| Q1 2025 | $7.4B | +36% |
| Q4 2024 | $7.7B | +24% |
AMD has the edge over FTV on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +7.4 points |
| Q2 2026 | 17% | +19 points |
| Q1 2026 | 14% | +3.6 points |
| Q4 2025 | 17% | +5.7 points |
| Q3 2025 | 14% | +3.1 points |
| Q2 2025 | -1.7% | -6.4 points |
| Q1 2025 | 11% | +10 points |
| Q4 2024 | 11% | +5.8 points |
AMD's operating margin was 21% last quarter, up 7.4 points from the same quarter a year ago.
FTV Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.1B | +7.8% |
| Q2 2026 | $1.1B | -28% |
| Q1 2026 | $1.1B | -27% |
| Q4 2025 | $1.1B | -31% |
| Q3 2025 | $1B | -33% |
| Q2 2025 | $1.5B | -2.2% |
| Q1 2025 | $1.5B | -3.3% |
| Q4 2024 | $1.6B | +2.3% |
FTV's revenue is recovering but still below its 2019 peak: $1.1B last quarter, up 7.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +5.8 points |
| Q2 2026 | 19% | +4.5 points |
| Q1 2026 | 18% | +2.1 points |
| Q4 2025 | 20% | +1.1 points |
| Q3 2025 | 16% | -3.7 points |
| Q2 2025 | 15% | -4.8 points |
| Q1 2025 | 16% | -4 points |
| Q4 2024 | 19% | -0.7 points |
FTV has the edge over AMD on profitability, with a higher operating margin.
AMD Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $554M | -71% |
| Q2 2026 | $1.6B | -9.9% |
| Q1 2026 | $2.6B | +253% |
| Q4 2025 | $2.4B | +118% |
| Q3 2025 | $1.9B | +283% |
| Q2 2025 | $1.7B | +294% |
| Q1 2025 | $727M | +92% |
| Q4 2024 | $1.1B | +351% |
AMD has the edge over FTV on cash flow, with more consistent year-over-year improvement.
FTV Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $283.7M | +109% |
| Q2 2026 | $258.1M | -6% |
| Q1 2026 | $208.2M | -3.2% |
| Q4 2025 | $335.5M | -28% |
| Q3 2025 | $135.8M | -69% |
| Q2 2025 | $274.5M | -1.9% |
| Q1 2025 | $215M | -6.6% |
| Q4 2024 | $465.2M | +13% |
FTV's free cash flow has been positive every quarter for seven years: $1.1B over the past year, about the same as the year before.
AMD Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +2M shares |
| 1 year | +1.2% | +20M shares |
| 3 years | +2% | +32M shares |
| 5 years | +35% | +431M shares |
| Available history | +40% | +473M shares |
AMD has 1.7B diluted shares, up 1.2% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | — |
| Q1 2026 | $221M |
| Q4 2025 | — |
| Q3 2025 | $89M |
| Q2 2025 | $478M |
| Q1 2025 | $749M |
| Q4 2024 | $256M |
AMD has spent almost nothing on buybacks in the past year.
FTV Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -3.7M shares |
| 1 year | -8.8% | -29.5M shares |
| 3 years | -15% | -52.2M shares |
| 5 years | -16% | -58.3M shares |
| Available history | -11% | -36.1M shares |
FTV has the edge over AMD on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $300.1M |
| Q2 2026 | $200.1M |
| Q1 2026 | $500.2M |
| Q4 2025 | $265M |
| Q3 2025 | $1B |
| Q2 2025 | $141.9M |
| Q1 2025 | $202.6M |
| Q4 2024 | $466.6M |
FTV spent $1.3B buying back its own shares over the past year, down 30% from the year before.
AMD Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2020 | -1.0x | Net Cash |
| Q1 2020 | -0.8x | Net Cash |
| Q4 2019 | -1.2x | Net Cash |
AMD has more cash than debt.
FTV Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.4x | Moderate |
| Q2 2026 | 2.5x | Moderate |
| Q1 2026 | 2.5x | Moderate |
| Q4 2025 | 2.1x | Moderate |
| Q3 2025 | 2.2x | Moderate |
| Q2 2025 | 2.2x | Moderate |
| Q1 2025 | 2.2x | Moderate |
| Q4 2024 | 2.2x | Moderate |
FTV's net debt is about 2.4 years of its operating earnings (EBITDA), up from 2.2 years a year ago.
AMD Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 59.3 | Neutral |
| Stochastic | 41.4 | Neutral |
AMD's weekly RSI is 59 (neutral) and its Stochastic is 41 (neutral).
FTV Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 69.7 | Neutral |
| Stochastic | 84.9 | Overbought |
FTV's weekly RSI is 70 (neutral) and its Stochastic is 85 (overbought).
AMD PE vs Technology Sector
| Metric | AMD | Sector median | Relative |
|---|---|---|---|
| PE | 127x | 28x | 357% above |
| PE % | 61 | 35 | 26 pts above |
AMD is trading at 127x earnings, a 357% premium to the Technology sector's median of 28x.
FTV PE vs Technology Sector
| Metric | FTV | Sector median | Relative |
|---|---|---|---|
| PE | 32x | 28x | 16% above |
| PE % | 54 | 35 | 19 pts above |
FTV has the edge over AMD on valuation relative to its sector.
AMD Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $557.2 | 5.1% above |
| 20 week MA | $525.9 | 11% above |
| 50 week MA | $389.7 | 50% above |
| 100 week MA | $266.9 | 119% above |
| 200 week MA | $199.6 | 193% above |
AMD is in an uptrend: it's above all five of its weekly moving averages, and 193% above its 200-week average.
FTV Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $60.9 | 11% above |
| 20 week MA | $60.3 | 13% above |
| 50 week MA | $58.6 | 16% above |
| 100 week MA | $55.7 | 22% above |
| 200 week MA | $55.6 | 22% above |
FTV is in an uptrend: it's above all five of its weekly moving averages, and 22% above its 200-week average.
AMD Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $46.2 | $91.8 | +99% |
| 2021 | $91.8 | $146.1 | +59% |
| 2022 | $146.1 | $64.5 | -56% |
| 2023 | $64.5 | $147.4 | +128% |
| 2024 | $147.4 | $125.2 | -15% |
| 2025 | $125.2 | $215.0 | +72% |
| 2026 YTD | $215.0 | $585.3 | +172% |
AMD has the edge over FTV on returns for 2026, with the stronger performance.
FTV Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.3 | $52.5 | +8.7% |
| 2021 | $52.5 | $56.1 | +7% |
| 2022 | $56.1 | $48.3 | -14% |
| 2023 | $48.3 | $55.5 | +15% |
| 2024 | $55.5 | $57.0 | +2.7% |
| 2025 | $57.0 | $55.7 | -2.3% |
| 2026 YTD | $55.7 | $67.9 | +22% |
FTV has finished higher in four of the last six years. It's up 22% so far in 2026.